Ep 505 - Pension transfer tips, 10 common credit myths & SIM swap fraud
The Money To The Masses Podcast
Damien Fahy
4.8 • 589 Ratings
🗓️ 25 May 2025
⏱️ 31 minutes
🧾️ Download transcript
Summary
In this week's episode, Damien takes an in-depth look at pension transfers. He provides a list of pros and cons, shares the latest research on how long pension transfers take with different providers and finishes up with a guide on how the pension transfer process works.
Next, he debunks 10 common credit myths, addressing misconceptions about credit scores, debt management and the impact of making various financial decision.
Finally, Andy highlights the alarming rise of SIM swap fraud, explaining how it works, the risks of compromised two-factor authentication and the essential steps you can take to avoid becoming a victim.
This episode is sponsored by Coinbase - Visit Coinbase* to learn more. Crypto comes with unique risks, take 2 minutes to learn more
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show
(00:00) - Episode 505 of The Money to the Masses podcast(04:45) - Pension Transfers(13:26) - 10 popular credit myths(21:12) - Sim Swap fraud
Follow Money to the Masses on social media:
YouTube - https://www.youtube.com/moneytothemasses
Facebook - https://www.facebook.com/moneytothemasses
Instagram - https://www.instagram.com/moneytothemasses
Tik Tok - https://www.tiktok.com/@moneytothemasses
You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners.
Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.
Support the show by visiting and bookmarking our dedicated podcast page:
Money to the Masses Dedicated Podcast Page - Click to support the show
Links referred to in the podcast:
If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We'd like to thank this week's podcast sponsor, Coinbase, a leading online cryptocurrency platform for buying, selling, trading, storing and staking cryptocurrency. |
| 0:08.0 | Coinbase is the only major publicly traded crypto exchange in the US, and it's used by millions of users in the UK alone. |
| 0:15.0 | With a wide selection of more than 250 cryptocurrencies, industry-leading security measures, and a single user experience, |
| 0:22.5 | Coinbase makes it easier to explore the world of crypto, whether you're just getting started |
| 0:26.7 | or looking to expand your portfolio. |
| 0:29.3 | To start your crypto journey, sign up through the link in the podcast description. |
| 0:32.6 | But remember, don't invest unless you're prepared to lose all the money you invest. |
| 0:37.0 | It is a high-risk investment, and you shouldn't expect to be protected if something goes wrong. Hello and welcome to episode 505 of the Money to the Masses podcast with your resident expert as always, Damien Faye and me. Andy Leaks, Damien, welcome back. How are you doing? I'm good, Andy. I am, I'm excited. It's funny because I'm talking about an event that is yet to happen as we make this podcast, but by the time people listen to this show at the weekend, the event I'm talking about has actually occurred about four days earlier. So I mentioned last week I'm going to the Europa League final, hopefully Spurs, we're knowing their past history, they probably won't. |
| 1:12.6 | So we're recording the podcast. |
| 1:14.7 | The earliest maybe in a week we've ever done it. |
| 1:16.6 | We're recording it on a Monday and it doesn't go out till the following Sunday. |
| 1:20.7 | So that is probably a good habit for us to try and get into in the future anyway, Andy, |
| 1:25.2 | it gives you a whole week to edit and make it look as good |
| 1:29.3 | as it normally does but possibly even better so maybe we'll turn over a new leaf going forward |
| 1:34.7 | that we'll try and record the podcast earlier in the week no pressure there saying that it's going to end up |
| 1:38.9 | better than it usually does especially as you're not going to be around for me to be able to |
| 1:43.6 | feed back with now i'm super excited for you it's going to be a it not going to be around for me to be able to feed back with. |
| 1:44.8 | Now, I'm super excited for you. It's going to be a, it's going to be an interesting week if you come back and spurs have lost. But I'm keeping everything cross for you. As an old friend, Andy, I had no doubt that you'd be crossing everything for Tottenham to win. But we shall see. But anyway, we're going to get on with what's on this week's show. |
| 2:03.3 | So this week we're going to get on with what's on this |
| 2:02.7 | week's show. So this week we're going to do usual three pieces. But the first piece I'm going to be |
| 2:07.4 | doing is in relation to pension transfers. And it's a bit of a whistle stop overview of pension |
| 2:13.3 | transfers. And why you would do it, why you might not, how long they should take. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Damien Fahy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Damien Fahy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.